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Exim Routes Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹88
Per Share
GMP
+₹9
+10.23% Grey Market
Est. Listing
₹97
Expected Price
Min. Application
₹281,600
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹88 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size49,69,600 shares (aggregating up to ₹43.73 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 12 Dec 2025
Subscription CloseTue, 16 Dec 2025
Anchor AllotmentThu, 11 Dec 2025
Basis of AllotmentWed, 17 Dec 2025
Initiation of RefundsThu, 18 Dec 2025
Credit of Shares to DematThu, 18 Dec 2025
Listing DateFri, 19 Dec 2025
UPI Mandate Deadline2025-12-16
Application & Investment Details
Retail — Min (2 Lots)₹2,81,600 — 3,200 shares
Retail — Max (13 Lots)₹1,830,400 (13 Lots)
HNI — Min (3 Lots)₹4,22,400 — 4,800 shares
EPS (Pre-IPO)₹5.49
EPS (Post-IPO)₹2.50
P/E Ratio (Pre-IPO)16.04x
P/E Ratio (Post-IPO)35.18x
Net Offer to Public47,20,000 shares (aggregating up to ₹41.54 Cr)
Reserved for Market Maker2,49,600 shares (aggregating up to ₹2.20 Cr)
Pre-IPO Promoter Holding1,37,82,400 shares
Post-IPO Promoter Holding1,87,52,000 shares
About Exim Routes Ltd

Incorporated in April 2019, Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials, offering end-to-end services to Indian Paper Mills, from sourcing waste paper to quality assurance and logistics.The Company operates through a group structure, with an Indian parent, Exim Routes Limited, and foreign subsidiaries.Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap.Exim Routes uses its proprietary AI-powered B2B platform (referred to as “ERIS”) to connect buyers and sellers of recyclable paper, streamlining procurement, supply-chain and delivery. Its business model involves sourcing wastepaper globally and supplying to Indian mills, handling logistics and trade coordination across geographies.Their operations span multiple continents, with a strong presence in India and Singapore, as well as subsidiaries in the USA, UK, Germany, and South Africa.They offer comprehensive services, including sourcing, quality assurance, logistics, and trade execution.Exim Routes combines a global network with a tech-driven approach to simplify the recyclables trade ecosystem.As of November 30, 2025, our Company has 18 employees.Competitive strengthsA globally oriented sourcing network for recyclable paper materials, enabling access to international supply.An AI-enabled B2B platform (ERIS) facilitates efficient buyer-seller matching and transaction coordination.An end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.Experienced promoters and management with expertise in trade, supply chain, and business operations. A business model tailored to meet demand from Indian paper mills seeking a consistent supply of recyclables.

Objects of the Issue

Exim Routes Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
To meet out the expenses for Development and Maintenance of the ERIS platform
11.87
2
To meet out the expenses for Working Capital to fund business growth
9.00
3
To meet out the expenses for Investment in Office space to accommodate new hires
7.13
4
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,37,82,400 shares
Post-IPO Promoter Holding 1,87,52,000 shares
Check AllotmentCheck Status →
Exim Routes Ltd — Live Price LIVE
₹88.00
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Issue ₹88.00 GMP: +₹9 (+10.23%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹88
GMP+₹9
Est. Listing₹97
Lot Size1,600 shares
Min Amount₹281,600
Listing Date19 Dec 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹88
Listing Date19 Dec 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 249,600 ₹2.20 Cr
TOTAL 4,969,600 100.00% ₹43.73 Cr
* Based on ₹88.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹88.00
Per Share
Min Investment
₹140,800
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹140,800
Retail (Max) 13 20,800 ₹1,830,400
sNII (Min) 14 22,400 ₹1,971,200
bNII (Min) 68 108,800 ₹9,574,400
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Jun 202531 Mar 202531 Mar 2024
Revenue from Operations 44.17 120.99 72.39
EBITDA 1.39 9.95 4.58
Profit After Tax (PAT) 1.17 7.56 4.20
Net Worth 16.38 15.60 1.18
Total Assets 50.97 47.62 20.53
Reserves & Surplus 15.71 14.41 3.58
Total Borrowings 5.10 2.75 1.46
Key Ratios & Valuation
Issue Price ₹88
Face Value ₹5 Per Share
P/BV 7.77
RoE 53.14
RoCE 35.53
RoNW 42.28
PAT Margin (%) 6.27
EBITDA Margin (%) 8.24
Debt / Equity 0.20
Company Details
Company
Exim Routes Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101
Book Running Lead Managers
Narnolia Financial Services Ltd.
Book Running Lead Manager (BRLM)